Portability is a game changer. This session will cover the requirements and technical aspects of making the election, how to prepare Form 706 when making the election, compare portability to using conventional credit shelter trusts, QTIP trusts and QDOTs, state tax issues and basis issues.
• Learn how to decide whether making the portability election will benefit the estate compared to other planning techniques.
• Learn how to complete Form 706 to elect portability.
CPA, MST, AEP®,
Director, Estates and Trusts,
Belfint, Lyons & Shuman, P.A.